Coronavirus
This coverage analyses the impact of coronavirus on the UK retail industry, focusing on operational challenges, government measures, financial pressures, workforce management, and shifts in consumer behaviour. Reporting provides insights into how retailers responded to closures, safety protocols, supply chain disruptions, and evolving customer needs — helping executives and managers assess lessons learned and long-term changes.
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Aug- 2020 -12 AugustPeople Moves
Thomas Rabe appointed Adidas chairman
Adidas has appointed Thomas Rabe, CEO of Bertelsmann, as chairman of the company’s supervisory board. He will succeed Igor Landau whose supervisory board mandate expired after 16 successful years at the end of the Annual General Meeting on yesterday (11 August). Rabe has been a member of the Adidas supervisory…
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10 AugustClothing & Shoes
Superdry secures funding as sales fall
Superdry has secured a new £70m lending facility in a bid to equip it with “flexibility and liquidity” following the coronavirus crisis. It comes as the disruption from the pandemic has continued to “materially impact” its year-on-year performance, despite the fact that trading was ahead of initial expectations in its…
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7 AugustCoronavirus
Poor July sales rock high street recovery
Poor in-store sales through the month of July have “dampened hopes of a recovery” across UK high streets, according to the latest High Street Sales Tracker from BDO. In-store like-for-like sales decreased by 39.4% last month, down from a marginal base of 0.1% that was reported the year before. According…
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7 AugustClothing & Shoes
Jigsaw eyes CVA plans
Fashion retailer Jigsaw is reportedly set to launch a CVA proposal in the coming week as the ongoing impact of the coronavirus takes its toll on the UK high street. According to Drapers, the womenswear retailer is set to take action a month after it brought in auditing firm KPMG…
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6 AugustShopping Centres
Hammerson seeks £825m to ride pandemic
Shopping centre owner Hammerson has announced it plans to raise £825m through fundraising and disposals as it looks to survive the impact of the coronavirus pandemic. The announcement comes as Hammerson reported that net rental income dropped by 44% to £87.3m during the first half of the year. For the…
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5 AugustCoronavirus
River Island considering CVA as Covid-19 hits sales
Fashion retailer River Island is reportedly considering a CVA proposal as it attempts to weather the coronavirus pandemic. According to Retail Week, River Island is considering launching a CVA proposal or another form of administration in order to reduce rents or close some of its stores that have seen lower…
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5 AugustOnline & Digital
CMA clears Amazon’s Deliveroo investment
The Competition and Markets Authority (CMA) has approved Amazon’s 16% investment in Deliveroo, after finding that it will not “substantially lessen competition”. Under the deal, Amazon will acquire 16% of Deliveroo as the lead investor in a $575m (£438m) funding, which was first announced last year. At that point the…
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3 AugustCoronavirus
Hobbycraft reports 200% increase in online sales amid lockdown
Hobbycraft has reported a 200% increase in like-for-like online sales in its FY results as it appears to have weathered the impact of the coronavirus. For the year ended 16 February 2020, the craft retailer reported an 8.9% increase in revenues to £193.6m. Adjusted EBITDA increased by 21.9% to £14.8m…
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3 AugustCoronavirus
Hammerson taps investors for cash
Hammerson has confirmed that it is holding advanced discussions regarding a possible disposal of a stake in a European arm of its business, after suffering from unpaid rents amid the coronavirus crisis. The shopping centre landlord is now looking to sell a 50% stake in VIA Outlets to joint venture…
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Jul- 2020 -31 JulyAdvice
Reopening retail: Four ways to embrace creativity, safely
Reopening retail; four ways to embrace creativity, safely Meredith O’Shaughnessy, Creative Brand and Retail Strategist at Meredith Collective Coronavirus has been the final reckoning for great swathes of retail, and it’s been brutal. Some high street stalwarts (Warehouse, Oasis, Accessorise) won’t open their doors again. Others are tentatively reopening but…
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